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I came upon a deal of a senior couple looking to retire. There selling a 16 unit apartment complex with 2 bedroom rancher next door. My wife and I are interested in the apartment complex, and could care less about the...
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Hey everyone, I’m having difficulties understanding the lending side. I’m trying to house hack and would love to purchase 1 a year to grow. I found a property and closed on it. I plan to fixed it up while staying th...
I wanted to have a discussion with regards to recourse loans. I'm referring to loans (usually construction or acquisition) that you get from a lender that require a personal guarantee. In the even a particular proje...
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Good day everyone,
This may not be the right place for my post, but I don’t know where it could fit. Namely, the guy to whom I rented my apartment has made a mess out of my life. How could he do it, you may ask. Well...
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Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $2,500,000
BIG win with a 48 unit in Des Moines, IA located downtown next to a community college and close to a b...
I am looking at an apartment selling for 1.3M. It has 4 units, 19 rooms total renting at $700 per month each, with no repairs or renovations needed.Is it a good idea to accept 100% loan from a hard lender offer? How w...
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Hi All, I invest in apartment buildings and use a separate LLC for each building. Each LLC has its own credit card used just for that building. I am about to close on a new deal, but I applied for 5-6 business credi...
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Hello-I live in Austin, Texas and work as a commercial broker specializing in multifamily and land sales. Previously, I was an analyst for a mortgage bank and loan broker in CA for 8+ years. I have analyzed hundreds...
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Question..... Does anybody know if a bank will qualify a sponsor that has the net worth but does not have a schedule of real estate? I'm wondering if I could use a family member with a high net worth on my larger mul...
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Hello all, this is my first post here at BiggerPockets, so I appreciate any advice and/or criticism you have to offer.My wife and I have bought and sold 2 properties for profit in the last couple years and we are curr...